Hi Michael, It is imposible to tell you what you will be able to sell your condo for in 2009. Given the volitility of the market you will need to define your selling price when you are ready to sell. With parking, a comparable unit sold as in August for $275 per sq ft. Today there are comparable units with selling prices from $298 - $340 per sq ft. However, currently there are 24 units on Culver Ave alone. Real-estate is all about supply and demand and location.
While the area you are in is an up and coming area, unless you are able to price your unit competitvely and /or add incentives to the deal (i.e. Owner financing), buyers are in drivers seat.
All things considered, if you are planning to sell in 2009, I would consider putting your home on the market now. It is not unreasonable to expect that your home will take months to sell.
If you are interested in listing your home. I would be happy to meet with you and share exactly what I will do to market and sell your home, share a market analysis with you for pricing your home, and provide you with references of sellers that I have worked with recently.
Also, feel free to check out my website at
http://www.hudsongold.com
You can reach my partner Liesa at 201-736-7372. She will be happy to set up an appointment for us to meet with you.
Warm regards,
Nader Rezai
- Wed Oct 1 2008, 11:57